Ashurst advises 7-Eleven Australia on A$1.71 billion sale to 7-Eleven International

Global law firm Ashurst has advised the shareholders of 7-Eleven Australia on the sale of the fuel and convenience store business to 7-Eleven International LLC (7IN) for A$1.71 billion.

7IN is a joint venture of 7-Eleven Inc., and Seven-Eleven Japan and is responsible for the 7-Eleven brand’s global growth strategy.

The Withers and Barlow families secured the license to operate 7-Eleven in Australia in 1976. Today, 7-Eleven Australia operates over 750 stores across Victoria, New South Wales, ACT, Queensland and Western Australia.

The offer is subject to foreign investment approval, with completion expected to take place in early 2024.

Partner John Brewster said:
"Ashurst is proud to have assisted the shareholders of 7-Eleven Australia over the past 2 years on this significant sale. After a long running and competitive sale process, this is a great outcome for 7-Eleven Australia and its shareholders. This transaction will allow the business to continue its growth under current management and new ownership. We look forward to a successful completion in the new year."

The Ashurst team was led by partners John Brewster and Brooke Coghlan, who were assisted by associates Nik Lukic, Hugh Morris and Max Arundel (Corporate transactions); partner Ross Zaurrini (Competition); partner Ian Kellock (Tax); partner Andrew Craig (Digital economy transactions); and partner James Clarke (Dispute resolution).